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2 years ago

3. Find the length of time in years, given the principal of $4,800; interest rate

Mathematics

1 answer:

allsm [11]2 years ago

4 0

Answer:

2.5 years

Step-by-step explanation:

Formula for simple interest:

t = I / Pr

t = length of time

I = simple interest

P = initial amount

r = interest rate

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PLEASE HELP ASAP GIVING BRAINLIEST

Lady_Fox [76]

Answer:

Part 1) $y=32.5x+11.95$

Par 2) see the explanation

Part 3) $\$401.95$

Step-by-step explanation:

Part 1) Write an equation in slope intercept form to represent this problem

Let

x ----> the number of tickets

y ---> the total cost

The linear equation in slope intercept form is equal to

$y=mx+b$

where

m is the slope or unit rate

b is the y-intercept (one-time processing fee)

In this problem we have

$b=\$11.95$

ordered pairs (4,141.95) and (7,239.45)

Find the slope

The formula to calculate the slope between two points is equal to

$m=\frac{y2-y1}{x2-x1}$

substitute the values in the formula

$m=\frac{239.45-141.95}{7-4}$

$m=\frac{97.5}{3}$

$m=32.5$

substitute the values in the linear equation

$y=32.5x+11.95$

Part 2) What does your slope represent in this problem? What does your y-intercept represent in this problem?

a) The slope of the linear equation represent the unit rate, so the slope represents the cost of one ticket

$m=\$32.5\ per\ ticket$

b) The y-intercept is the value of y when the value of x is equal to zero

In this context, the y-intercept represent the one-time processing fee

$b=\$11.95$

Part 3) Use the equation to find how much Alan would have to pay for 12 tickets

For x=12 tickets

substitute in the linear equation

$y=32.5(12)+11.95$

$y=\$401.95$

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Step-by-step explanation:

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